On supplementing refinancing mechanism for investment project loans

On 29 May 2014, the Bank of Russia took the decision on supplementing Bank of Russia credit arrangements for loans pledged with receivables on investment project loans (On the Implementation of New Mechanism for Credit Institution Refinancing) with loans pledged with bonds placed for investment project funding and included in the Bank of Russia Lombard List.

On the first stage of the mechanism implementation the list of bonds comprises:

Bonds of the Open joint-stock company Western Rapid Diameter, the state registration numbers of issues are 4-01-00350-D, 4-02-00350-D, 4-03-00350-D, 4-04-00350-D, 4-05-00350-D;

Bonds of the Limited liability company North-West Concession Company, the state registration numbers of issues are 4-01-36388-R, 4-02-36388-R;

Bonds of the State Company Russian Highways, the state registration number of issue is 4-01-00011-T;

Bonds of the Open joint-stock company Main Road, the state registration number of issue is 4-06-12755-A.

In compliance with the mechanism the Bank of Russia will grant loans to the credit institutions admitted to obtaining Bank of Russia loans pledged with receivables on investment project loans on conditions equal to those for the specified Bank of Russia loans, i.e. at the rate of 6.5% for up to 3 year period.

The reference to the Press Service is mandatory if you intend to use this material.